Foreign tax credit


 

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Foreign tax credit

Home country credit against domestic income tax. Received in return for foreign taxes paid on foreign derived earnings.



Foreign tax credit

Similar Matches

Foreign currency option

Foreign currency option

An option that conveys the right (but not the obligation) to buy or sell a specified amount of foreign currency at a specified price within a specified time period.


Foreign exchange controls

Foreign exchange controls

Various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents.


Foreign exchange

Foreign exchange

Currencies issued by foreign countries.


Foreign targeted issue

Foreign targeted issue

Notes sold between October 1984 and February 1986 to foreign institutions, foreign branches of US institutions, foreign central banks or monetary authorities, and to international organizations in which the United States held membership. Sold as companion issues, they could be converted to domestic (normal) Treasury notes with the same maturity and interest rates. Interest was paid annually.


Foreign asset position

Foreign asset position

The amount of assets that residents of a country own abroad. Also used to mean the net foreign asset position.


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